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E-commerce giant Alibaba Group, which runs Taobao.com, has established a new business offering customers higher investment yields than interest from banks. Alibaba Group, founded in 1999, provides services for Internet users in countries and regions across the world. It announced at the end of 2012 that total transaction volume at the group's online shopping platform Taobao.com exceeded 1 trillion yuan by November, or 5.4 percent of the country's retail sales for consumer goods in 2011.
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  • By He Wei In Shanghai(China Daily)2017-06-24 08:42

    China's internet giants that forayed into online finance are now joining hands with banks, their perceived competitors, to succeed together in the booming financial technology or fintech sector.The latest such partnership is between Tencent Holdings Ltd and Huaxia Bank Co Ltd, which was announced on...

  • By Ma Si(China Daily)2017-06-24 07:45

    State-owned China United Network Communications Group, better known as China Unicom, denied a media report that internet majors Alibaba Group Holding Ltd and Tencent Holdings Ltd will be among its new investors. Unicom has been stepping up efforts to push forward a structural reform to introduce mix...

  • (Xinhua)2017-06-23 10:03

    Jack Ma (L), chairman of the Chinese e-commerce giant Alibaba, is in a conversation with Charlie Rose (R), famous American television talk show host and journalist at Gateway'17 in Detroit, US, June 20. [Photo/Xinhua]DETROIT - Air Traffic was jammed and hotels were full in the US city of Detroit on ...

  • (Xinhua)2017-06-23 07:20

    Photo taken on June 21, 2017 shows view of the Gateway' 17 held in Detroit, the United States. Gateway' 17, a conference held by Alibaba in Detroit on June 20-21, features presentations and breakout sessions aimed at educating attendees on what and how to sell to China, especially through e-commerce...

  • By Chang Jun And Zhang Yuan In Detroit, Michigan(China Daily)2017-06-22 07:43

    China's e-commerce giant Alibaba Group chose Detroit, Michigan to stage its inaugural two-day Gateway '17 Summit, which kicked off on Tuesday and is designed to educate US small and medium-sized enterprises on the Chinese market and consumer demands to ultimately help them sell to China. Approximate...

  • By Yang Yang(chinadaily.com.cn)2017-06-21 14:34

    The amount of JD.com's orders exceeded 110 billion yuan at 3:00 pm on June 18, 2017. [Photo/VCG]Working environments become battle fields of silent contest between JD.com and Alibaba, two major competitors in the online shopping festival on June 18.The two e-commerce giants provide good working envi...

  • (Xinhua)2017-06-21 09:18

    DETROIT - Alibaba founder Jack Ma said Tuesday the Chinese e-commerce giant is confident that it will help support one million small US businesses to sell to China and the rest of Asia through its network in the next five years. "If we can help one million small businesses online and each business c...

  • By Chang Jun And Zhang Yuan In Detroit, Mi(chinadaily.com.cn)2017-06-21 09:00

    China's e-commerce giant Alibaba Group chose Detroit, Michigan to stage its inaugural two-day Gateway '17 Summit, which kicked off on Tuesday and is designed to educate American small- and medium-sized enterprises (SMEs) on the Chinese market and consumer demands to ultimately help them sell to Chin...

  • By Amy He In New York(China Daily)2017-06-21 07:42

    When Alibaba's Jack Ma met US President Donald Trump in January, he said he would create a million jobs in the United States, and he set out to make his first attempt at fulfilling that pledge in Detroit this week. Alibaba's Gateway '17 conference, which began on Tuesday and continues on Wednesday, ...

  • By Amy He In New York(chinadaily.com.cn)2017-06-20 10:04

    Jack Ma, chairman of Alibaba Group Holding Ltd, gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, Jan 18, 2017. [Photo/VCG]When Alibaba's Jack Ma met with US President Donald Trump in January, he said he would create a million jobs in the US, and h...

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